Monthly Archives: October 2018

Decoding the Rafale controversy

The opacity in the Rafale deal only raises doubts, with its fallout on national security and the ‘Make in India’ programme The controversy over Prime Minister Narendra Modi’s decision to go in for an outright purchase of 36 Rafale fighter jet aircraft, after scrapping the old negotiations, is unlikely to …

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Lord of the universe

The only worthwhile goal to be attained by all is moksha and the only path is renunciation, say the scriptures. Hence, only when a jivatma gives up attachment to the world does he become qualified to be selected to the most exalted and coveted status, the state of liberation, pointed …

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MIT plans to set up a college for AI

The Massachusetts Institute of Technology is taking a particularly ambitious step, creating a new college backed by a planned investment of $1 billion. Two-thirds of the funds have already been raised, MIT said, in announcing the initiative on Monday. The college, called the MIT Stephen A. Schwarzman College of Computing, …

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Kids feeding on ‘digital junk food’

Streaming giants are exposing them to unsuitable content, say TV programme makers With YouTube replacing Disney as the most-loved brand among young children in the U.S., and streaming giants encouraging binge viewing, a whole generation risk being brought up on cultural junk food, some of the world’s top kids television …

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Kreditech gets NBFC licence

Kreditech has been licensed by the RBI to operate as an NBFC with the first-of-its-kind licence in the Indian financial history for digital lending business and app-based financing, the Germany-based company said in a release on Monday. Kreditech’s product suite for India will offer individualised direct-to-consumer loans as well as …

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Rupee slides on rising crude prices

The rupee snapped its three-session gaining streak to end 26 paise lower at 73.83 against the dollar on Monday after crude prices rose amid intensifying geopolitical tensions. Dealers said a spurt in dollar demand from importers dragged down the domestic currency. At the Interbank Foreign Exchange (Forex), the rupee opened …

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Higher food prices drive wholesale inflation to 5.13%

Wholesale inflation accelerated to 5.13% in September, driven in large part by quickening inflation in the primary articles segment and stabilising food prices, according to official data released on Monday. Growth in the Wholesale Price Index quickened in September from 4.53% in August. Inflation in the primary articles category stood …

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NCLAT breather for IL&FS, subsidiaries

Infrastructure Leasing and & Financial Services (IL&FS), which is in the midst of a huge liquidity crisis, has got a one-month relief from proceedings filed against the company by banks and other creditors as the National Company Law Appellate Tribunal (NCLAT) has stayed all such proceedings against the company and …

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Bangladesh editors protest ‘anti-press’ law

Bangladeshi newspapers’ editors on Monday staged a protest demanding sweeping amendments to a newly-enacted digital law that journalists and rights groups say will curb freedom of expression. Critics say the measures — including prison sentences for spreading “negative propaganda” — are an attempt by an increasingly autocratic Prime Minister Sheikh …

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Bhutan’s not-so-happy evicted minority

The Himalayan nation of Bhutan, often described as a “Shangri-La” where happiness is equated to wealth, is holding elections this week. But the Lhotshampa people, brutally driven out of the small kingdom in the 1990s, won’t be voting. The Nepali-speaking Lhotshampa were branded as immigrants and stripped of citizenship rights …

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